Standard Deduction 2024 Single Dependent

Standard Deduction 2024 Single Dependent. (1) $1,250, or (2) your earned income plus. For 2024, the baseline amount for those claimed as a dependent, increases to $1,300 and the standard deduction increase to $14,600 for those filing as single.

For 2024, the standard deduction for dependents is limited to either $1,300 or the sum of $450 and the dependent’s earned income, whichever is greater. For 2024, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,300 or the.